This is 13% of your monthly salary. If you are a services employee and you earn R3 500 a month, your contribution to GEPF is R262. 50. This is 7.5% of your monthly salary of R3 500.

Does unclaimed provident fund expire?

Answer: Zolani, In theory it does not prescribe; however the money will be transferred to an unclaimed benefits fund in due course, and the fund rules may provide that the amount is written back after a set period (although National Treasury wants to prohibit this). However, even then, you can still claim your money.

How do I find out if I have any pensions?

You can phone the Pension Tracing Service on 0800 731 0193 or use the link below to search their online directory for contact details.

1. Submit a tracing request form to the Pension Service via the GOV.UK website.
2. Find out more about the Pension Tracing Service on the GOV.UK website.

How can I check my pension details online?

EPS Pensioner Alert! Now get PPO No using your bank account number

1. Visit EPFO Website –
2. Click on ‘Pensioners Portal’ ( left side of page under Online Services)
3. On the next page – Welcome to Pensioners’ Portal – click on ‘Know your PPO No.

How to calculate the cost of a lifetime annuity?

Find out how much lifetime income your savings could buy. Or, if you know how much income you need, learn what it will cost upfront. Annuity terms are defined below.

How can I find out if my annuity has been abandoned?

In some states, a contract is technically abandoned if the insurance firm has not been in contact with the owner within the last three years. When this happens, insurers hand over or “escheat” the cash to the state. You can search for lost annuities money by searching your state’s unclaimed property database.

Why are annuities have lost their luster?

Annuities are no exception and they are subject to uncertainty brought on by such things as stock market volatility. Annuities have lost some of their luster primarily because of their market performance, the fine print on returns, and their hidden fees.

How long does an immediate annuity last for?

An immediate annuity provides income to the purchaser that starts as soon as they deposit a lump sum. The payments last for: The lifetime of the purchaser; The lifetime of the purchaser and his or her spouse (or joint annuitant) Some set amount of time (5, 10, 20 years) This is also referred to as a Single Premium Immediate Annuity (SPIA).